Australia oil and gas market is showing recovery with a market value of USD XX billion in 2017. Stabilizing oil prices, surge in consumption and government policies are set to boost Australia oil and gas market value to $XX billion by 2023 at a projected CAGR of XX%. On the investment front, companies tend to boost their investments in Australia oil and gas infrastructure over the next few years, in particular, in planned upstream exploration and production sectors. Over the last five years from 2012 to 2017, Iran invested USD XX billion and further, between 2017 and 2023, the country's capital expenditure is forecast to increase to USD XX billion.

On the production front, Australia oil and gas supply increased by XX% in 2017 to reach XX million barrels of oil equivalent (mboe). Further, investments in production coupled with technological advancements are set to drive the oil and gas production increase to XX mboe in 2023. During 2017, the share of Australia oil and gas market value in global market value was XX%. On the reserves front, Australia's proven oil reserve volume was XX Billion barrels and proven gas reserve volume was XX Tcf.

Segment wise, Australia upstream market value is estimated at USD XX Billion and is expected to grow at XX% CAGR between 2017 and 2023.

Australia has wide established midstream storage and transportation sector. The pipeline network spans a length of XX Km across the country and further, by 2023, an additional XX Km long network of pipelines is planned to be added. On the storage front, XX MMcm of oil, products and chemicals storage capacity will be added in addition to existing XX MMcm storage capacity.

Downstream segment in Australia is expected to increase at XX% CAGR during the forecast period. In particular, the petroleum products demand is forecast to increase at XX% CAGR between 2017 and 2023 as compared to XX% CAGR growth between 2012 and 2017. On the infrastructure front, the country has XX Kb/d of refining capacity, XX Kb/d of Coking capacity, XX Kb/d of fluid cracking and XX Kb/d of hydrocracking capacity. By 2023, the country is planning to invest USD XX Billion to boost capacity by XX kb/d.

Research Scope

Analysis of Australia upstream oil and gas markets with focus on the role of Australia and its competitiveness in the region

The Australia oil and gas market research report provides key drivers and challenges of Australian market are listed and explained

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- - New England
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Summary
This report includes market status and forecast of global and major regions, with introduction of vendors, regions, product types and end industries; and this report counts product types and end industries in global and major regions.
Market Segment as follows:
By Region / Countries
- North America (U.S., Canada, Mexico)
- Europe (Germany, U.K., France, Italy, Russia, Spain etc)
- South America (Brazil, Argentina etc)......

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